After Gujarat, Maharashtra slashes petrol price by Rs 2, diesel by Rs 1, effective from midnight

Following Gujarat, now Maharashtra has also slashed the Value Added Tax (VAT) on prices of petrol and diesel by Rs 2 and Re 1 respectively. 

The new prices will be applicable from midnight.  

Now from midnight, the petrol in Maharshtra will cost Rs 75.58 per litre and diesel will cost Rs 59.55. 

Maharashtra charges 25% VAT on petrol in Mumbai, Navi Mumbai and Thane, while the rest of the state pays 26%.  

Another BJP-ruled state, Gujarat also trimmed down VAT on fuel by 4% today.

Making the announcement, Gujarat Chief Minister Vijay Rupani today said: "After the central governments instructions, Gujarat has decided to reduce VAT on petrol and diesel by 4% from today mid-night."

The effective price of petrol in Gujarat from mid-night on Tuesday, October 10, will be Gujarat govt cuts VAT on petrol, diesel by 4% 66.53 per litre and that of diesel Gujarat govt cuts VAT on petrol, diesel by 4% 60.77 per litre, the chief minister added.

The Government, from October 4 onwards, had reduced the basic excise duty rate on petrol and diesel (both branded and unbranded) by Rs 2 per litre.